Amphenol (NYSE:APH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $102.00 price target on the electronics maker’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.07% from the company’s current price.
According to Zacks, “Amphenol is benefiting from improved end-market demand in automotive, mobile networks and military markets. The diversification in end markets with a consistent focus on technology innovation and customer support through all phases of the economic cycle further enable the company to post strong results. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team remain positives. The company has historically returned significant cash through a combination of share repurchases and dividend to reward shareholders with risk-adjusted returns. Management raised its earlier guidance and has bullish revenue and earnings expectations for 2017. Amphenol has also outperformed the industry in the last three months. However, Amphenol is susceptible to volatility in foreign exchanges, which undermines its growth potential to some extent.”
A number of other brokerages also recently commented on APH. Stifel Nicolaus increased their price target on Amphenol from $78.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Deutsche Bank reissued a “buy” rating and issued a $95.00 target price (up from $80.00) on shares of Amphenol in a research report on Thursday, October 5th. SunTrust Banks raised their target price on Amphenol from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Wells Fargo & Co initiated coverage on Amphenol in a research report on Friday, November 10th. They issued an “outperform” rating and a $98.00 target price for the company. Finally, Morgan Stanley raised their target price on Amphenol from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $89.60.
Shares of Amphenol (APH) traded up $1.04 on Wednesday, hitting $91.83. The company had a trading volume of 845,965 shares, compared to its average volume of 967,353. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $27,721.74, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81. Amphenol has a one year low of $66.00 and a one year high of $91.94.
Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. Amphenol’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the business posted $0.73 earnings per share. sell-side analysts anticipate that Amphenol will post 3.21 EPS for the current year.
In other Amphenol news, Director Diana G. Reardon sold 503,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $90.73, for a total value of $45,637,190.00. Following the completion of the sale, the director now directly owns 260,000 shares of the company’s stock, valued at $23,589,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 10,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.51, for a total value of $895,100.00. Following the completion of the sale, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at $3,132,850. The disclosure for this sale can be found here. Insiders sold 849,000 shares of company stock valued at $75,518,690 over the last three months. Company insiders own 2.51% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in APH. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Amphenol in the second quarter valued at $257,000. Commonwealth Bank of Australia grew its position in shares of Amphenol by 3.8% in the second quarter. Commonwealth Bank of Australia now owns 17,666 shares of the electronics maker’s stock valued at $1,303,000 after purchasing an additional 650 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Amphenol by 81.9% in the second quarter. Franklin Resources Inc. now owns 936,898 shares of the electronics maker’s stock valued at $69,162,000 after purchasing an additional 421,950 shares in the last quarter. Capital Fund Management S.A. purchased a new position in shares of Amphenol in the second quarter valued at $1,074,000. Finally, Riverhead Capital Management LLC grew its position in shares of Amphenol by 1.6% in the second quarter. Riverhead Capital Management LLC now owns 19,538 shares of the electronics maker’s stock valued at $1,442,000 after purchasing an additional 308 shares in the last quarter. Institutional investors own 96.55% of the company’s stock.
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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